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Equity Investing During Uncertain Economic Times
Corporate • Sep 21, 2022
In this four-minute video, hear from James Black, Portfolio Manager with Beutel Goodman, and Jeff Bradacs, Portfolio Manager with Picton Mahoney Asset Management, as they discuss their approach to equity investing in today’s challenging environment.
Here are a few highlights:
- For James Black and the Beutel Team, they continue to look out for pricing opportunities created by market reactions to inflationary pressures, rising interest rates, and supply chain disruptions while avoiding big macro bets. Recent investments include TD Bank, Canada National Railway and Canadian Pacific Railway, and Magna International.
- Jeff Bradacs notes that Picton now believes that investment risk is now transitioning from inflation to the economy and has accordingly changed their portfolio positioning away from commodities and towards non-cyclical growth companies that will be rewarded in a slow growth environment. Investments opportunities include sectors like industrials, diversified financials, and consumer sectors.
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